Fighting financial crime will continue to be a key focus for the global financial industry in 2020.
Regulators show no sign of easing up on their expectations with respect to Anti Money Laundering (AML) compliance, especially given the findings of the EU’s postmortem report on recent money laundering cases involving EU banks, the high profile compliance failings in Australia, and the publication of the UK Government’s Economic Crime Plan for 2019-22.
For regulated firms, improving the efficiency and effectiveness of their AML and Counter-Terrorist Financing (CTF) will continue to be a high priority, assisted by the continuing adoption of innovative regulatory technologies (RegTech).
Based on our research, insight and knowledge of the industry, we bring you our 2020 financial crime predictions with the hope that, by coming true, the
fight against financial crime will be strengthened and the real harm caused to society will be reduced.